Cloud Mining Services Actual Profit Comparison

26 Nov
2014

cloud-mining-services

Today we did some calculations to see what is the actual profit that we are getting from various Bitcoin and Litecoin cloud mining services based on the earnings from yesterday. We’ve used 1000 GHS or 1 THS as a base for Bitcoin cloud mining and 1 MHS as a base for Litecoin cloud mining so that we can compare the different services listed below. The list does not contain all of the cloud mining services we are using as some of them are not even worth mentioning as there is no much point in investing in them with their current prices for hashrate. Also some other services are not listed as we are having trouble to accurately figure out how much we have earned exactly for the last 24 hours. Do note that the numbers listed below at the actual coins mined for 24 hours with maintenance fees already deducted, so this is what you are actually be getting per day (based on yesterday’s payments). Do note that the list below is based only on the actually profit that the services provide, it does not take into account the price of the hashrate that each of the services currently has.

BTC Earnings for 25.11.2014 per 1000 GHS:
– Bitcoin Cloud Services BTC – 0.01248 BTC per THS Daily (1 THS price – 1.5 BTC)
– Genesis Mining BTC – 0.00964 BTC per THS Daily (2.114 BTC – $779 USD)
– PBMining BTC – 0.01117 BTC per THS Daily (1 THS price – 1.4 BTC)
– Hashie BTC – 0.00739 BTC per THS Daily (1 THS price – 1.2 BTC AMHash / 1.30403 BTC Gen1)
– ZeusHash BTC – 0.00642 BTC per THS Daily (1 THS price – 1.5315 BTC)
– Hashnest BTC – 0.00548 BTC per THS Daily (1 THS price – 1.125 BTC)
– CEX BTC – 0.00317 BTC per THS Daily (1 THS price – 1.6914 BTC)

LTC Earnings for 25.11.2014 per 1 MHS:
– Genesis Mining LTC – 0.01143 LTC per MHS Daily (1 MHS price – 5.02 LTC / $17.99 USD)
– ZeusHash LTC – 0.00423 LTC per MHS Daily (1 MHS price – 4.47 LTC / 15.99 USD)

We are not including GAW’s Hashlets as we have actually sold ours a few days ago and are currently waiting to see what new things we are going to be getting announced in the next days – PayBase, HashStaker and PayCoin. It is also interesting to note that Hashnest has apparently introduced a market for users to trad the UMISOO Bitcoin cloud hashrate that they have purchased, so you get an interesting opportunity to sell some of your hashrate at a good price or maybe buy more cheaper to possibly reach ROI faster, though the service does not currently perform so great based on actual earnings and only CEX is performing worse in our list. ZeusHash is currently not doing very well for both BTC and LTC, even though they try to attract users with various incentives and promotions all of the time, their main problem is the higher maintenance fees. Genesis Mining remains as one of the best and choices in terms of profitability, especially for people that might have some concerns about services such as PBMining or BTCCS. Also note that the numbers for some of the services might be slightly higher that what we are actually getting, for example Hashie with AMHash contracts only would get slightly better results as we have mixed hashrate with their Gen1 and AMHash hashrate, CEX also supports merged mining and the number we have above is only for the BTC earnings and does not include the merged coins.

Litecoin Difficulty Going Up, Bitcoin Going Down

25 Nov
2014

ltc-hashrate-difficulty

Looking at the numbers showing what the next difficulty adjustment will bring to the Litecoin network we are seeing yet another significant increase in the total network hashrate and thus the difficulty. The current prognosis is for over 7% increase in a few hours and looking at the previous difficulty adjustments we are seeing a steady increase with not so little steps lately. This trend shows that while some Scrypt ASIC manufacturers have stopped their production and cancelled future plans for new hardware others are still making and shipping hardware. It seems that MAT are finally shipping mining hardware, as well as Alcheminer most likely, KnC is still shipping Titans and probably Bitmain is already testing their first AntMiner L1 Scrypt ASICs as well.

btc-hashrate-difficulty

Looking at what is happening with Bitcoin in terms of network hashrate we are seeing that unlike Litecoin there is a slight decrease in the hashrate and thus the next network difficulty might be lower by about 1.5% or even more. This is something that we are not used to seeing this when talking about Bitcoin, especially lately. If the trend continues and we see a drop in the network difficulty this would be a sign that old ASIC mining hardware is being taken offline and the new miners brought online at the moment are not able to fill that gap. This all is apparently coming from large scale mining operations that operate on a business model of mining and selling the mined coins immediately, regardless of the current exchange rate as these are not looking at Bitcoin in perspective and take into account the profitability at the moment and if it is really worth to continue using old mining hardware with the current conditions.

New SpreadCoin sgminer Fork with Higher Performance for AMD Miners

25 Nov
2014

spreadcoinx11-sgminer-girino

Some good news for the AMD miners that want to mine SpreadCoin (SPR), there is a new fork of sgminer by girino (source) that increases significantly the performance for AMD OpenCL miners. We have compiled a windows binary from the source and on our test AMD Radeon R9 280X we’ve managed to get about 1.9 MHS with the new miner without overclocking the GPU. Increasing the intensity f the miner further than 20 could also help you get some more hashrate out of the GPU, do note however that this is a development version and it may not be very stable or problem free. While not quite as fast as Nvidia GPUs for mining SpreadCoin this is a good improvement over the previously available OpenCL miner. Have in mind that SpreadCoin (SPR) needs to be solo mined as it does not support pools, so you need to setup your wallet for solo mining and need to connect the miner to the wallet. This means no shares and you will know only when you find a block and that may take a while, depending on your luck, as the SPR difficulty is already quite high. Still, as we’ve got a request for a windows binary of the above OpenCL miner for AMD, you can download it from the link below and try what hashrate you will get with this performance improved miner.

– To download the new sgminer fork for SpreadCoin by girino for Windows OS…

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